December 02, 2008

Rizhao plans to book 16 large bulk carriers

It is reported that Rizhao Iron and Steel Group, which is established by Hebei Jinghua Innovation Group and Hong Kong Yujing Development Company, plans to book 16 large scale bulk carriers in China.

As per reports, it is the first time for the company to book new ships and intends to strengthen the control of maritime transport for the company. The new shipbuilding includes 12 Capesize and 4 Panamax bulk carriers.

In order to strengthen the company’s shipping transport business, Rizhao Iron and Steel Group has specially set up Rizhao Iron and Steel Ocean shipping Company in Singapore.